Governor Announces $50 Million in Loans for Texas Small Businesses


On April 13, Texas Governor Greg Abbott announced that Goldman Sachs and the LiftFund are partnering to provide $50 million in loans to small businesses in Texas that have been affected by COVID-19.  These Paycheck Protection Program (PPP) loans of up to $250,000 can be used for operational expenses like payroll, rent and utilities and are eligible to be partially or wholly forgiven.

To qualify, you must be an independent contractor or sole proprietor or your business/organization has either employees (not more than 500) or independent contractors for whom they have associated payroll costs and reside in the U.S.  Your business must also have been in operation as of February 15 of this year.